Flooring and Carpet Market Size, Share, Industry Analysis 2032

Flooring and Carpet Market: Size

The global flooring and carpet market size was worth around USD 261.48 billion in 2023 and is predicted to grow to around USD 422.28 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.47% between 2024 and 2032.

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The report covers a forecast and an analysis of the flooring and carpet market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on volume (Million Square Meter) and revenue (USD Billion).

Flooring and Carpet Market: Overview

Floor covering describes any layer of finish material that is applied over a floor to provide temporary or permanent covering. The common materials that are used as a floor covering include carpets and rugs, wood, ceramic tiles, vinyl sheets, etc.

Carpets are designed to be used in dry or warm conditions and are available in various patterns and styles, depending on the specific application. The key factor that is likely to drive the flooring and carpet market growth is the rise in the remodeling and renovation activities witnessed in the construction sector globally. The growing preference for better and advanced interior decoration options are expected to further steer the flooring and carpet market growth in the future. The innovatively designed lightweight carpets and flooring options are predicted to open new growth opportunities in the flooring and carpet market. However, the price fluctuation of raw materials used by flooring and carpet manufacturers may restrain the growth of the global flooring and carpet market in the years ahead. On the other hand, growing investments across the construction industry are expected to have a positive impact on the flooring and carpet market globally.

The study includes drivers and restraints of the flooring and carpet market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the flooring and carpet market on a global level.

In order to give the users of this report a comprehensive view of the flooring and carpet market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research& development, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers the product portfolio of various companies.

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Flooring and Carpet Market: Segmentation

The study provides a decisive view of the flooring and carpet market by segmenting the market based on product type, application, material type, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By product type, the global flooring and carpet market is segmented into woven, vinyl flooring, carpet tiles, artificial grass, laminate parquet flooring, tufting, carpets, and rugs. The vinyl flooring segment is expected to grow rapidly in the future, owing to its high resistance to moisture, mildew, and mold.

Based on application, the global flooring and carpet market has been segmented into retail, healthcare and hospitals, hospitality, automotive, education institutes, industrial, commercial offices, residential, and others.

By material type, the market is segmented into nylon, polyester, polypropylene, and others.

Flooring and Carpet Market: Report Scope

Flooring and Carpet Market: Regional Analysis

The regional segment includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Asia Pacific is projected to be the largest flooring and carpet market globally in the future, owing to the increase in construction activities in the region. Countries like China and India are experiencing substantial developments in their respective construction sectors. Moreover, the region is likely to witness an enhanced demand for non-residential building spaces, due to population growth and rapid urbanization. North America is expected to witness substantial growth over the estimated timeframe, owing to the growing number of various refurbishing activities across the region and rising construction of green buildings in the U.S., which, in turn, will boost the consumption of lightweight and eco-friendly floor coverings.

Flooring and Carpet Market: Key Players Analysis

Some key players operating in the global flooring and carpet market include:

• Mannington Mills
• Shaw Industries
• TOLI Corporation
• Milliken & Company
• Forbo
• Mohawk Industries
• Floorworld LLC
• Tarkett Company
• Forbo Holding
• Polyflor Incorporation
• Among Others

This report segments the global flooring and carpet market into:

Global Flooring and Carpet Market: Product Type Analysis

• Woven
• Vinyl Flooring
• Carpet Tiles
• Artificial Grass
• Laminate Parquet Flooring
• Tufting
• Carpets
• Rugs 

Global Flooring and Carpet Market: Application Analysis

• Retail
• Healthcare and Hospitals
• Hospitality
• Automotive
• Education Institutes
• Industrial
• Commercial Offices
• Residential
• Others

Global Flooring and Carpet Market: Material Type Analysis

• Nylon
• Polyester
• Polypropylene
• Others

Global Flooring and Carpet Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa